Thai Steel Cable PCL (BKK:TSC) Days Payable : 71.41 (As of Dec. 2023)

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What is Thai Steel Cable PCL Days Payable?

Thai Steel Cable PCL's average Accounts Payable for the three months ended in Dec. 2023 was ฿439 Mil. Thai Steel Cable PCL's Cost of Goods Sold for the three months ended in Dec. 2023 was ฿560 Mil. Hence, Thai Steel Cable PCL's Days Payable for the three months ended in Dec. 2023 was 71.41.

The historical rank and industry rank for Thai Steel Cable PCL's Days Payable or its related term are showing as below:

BKK:TSC' s Days Payable Range Over the Past 10 Years
Min: 59.57 Med: 67.44 Max: 83.52
Current: 69.65

During the past 13 years, Thai Steel Cable PCL's highest Days Payable was 83.52. The lowest was 59.57. And the median was 67.44.

BKK:TSC's Days Payable is ranked better than
53.13% of 1263 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs BKK:TSC: 69.65

Thai Steel Cable PCL's Days Payable increased from Dec. 2022 (70.05) to Dec. 2023 (71.41). It may suggest that Thai Steel Cable PCL delayed paying its suppliers.

Thai Steel Cable PCL Days Payable Historical Data

The historical data trend for Thai Steel Cable PCL's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Thai Steel Cable PCL Days Payable Chart

Thai Steel Cable PCL Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

Get a 7-Day Free Trial

67.29

79.57

60.29

68.55

69.93

Thai Steel Cable PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															70.05	66.50	75.25	65.72	71.41

Competitive Comparison of Thai Steel Cable PCL's Days Payable

For the Auto Parts subindustry, Thai Steel Cable PCL's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Thai Steel Cable PCL's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Thai Steel Cable PCL's Days Payable distribution charts can be found below:

* The bar in red indicates where Thai Steel Cable PCL's Days Payable falls into.

Thai Steel Cable PCL Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Thai Steel Cable PCL's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (464.794	+	448.022)	/	2 )	/	2382.139	*	365
=	456.408					/	2382.139	*	365
=	69.93

Thai Steel Cable PCL's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (448.022	+	429.038)	/	2 )	/	560.35	*	365 / 4
=	438.53					/	560.35	*	365 / 4
=	71.41

Thai Steel Cable PCL Days Payable Related Terms

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Thai Steel Cable PCL (BKK:TSC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Thai Steel Cable PCL (BKK:TSC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

700/737, Moo. 1, Tambol Panthong, Amphur Panthong, Chonburi, THA, 20160

Website

https://www.tscpcl.com

Thai Steel Cable PCL is a Thailand-based company engaged in the manufacture and sales of control cables, parts, and equipment for vehicles and motorcycles. Its products are divided into three categories: Automobile control cables which include products like accelerator cables, door lock cables, fuel lid opener cables, hood release cables, parking brake cables, seat belt cables, transmission cables, and trunk opener cables; Motorcycle control cables which include brake cables, clutch cables, seat lock cables, speedometer cables, tachometer cables, and throttle cables, and Automobile window regulators. The company operates only in Thailand.